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You’ve invested a lot of time and money into your Florida rental property therefore it’s only normal that you want that generate passive income. This, however, will only be possible if you have a steady stream of tenants or trusted long-term ones. A rental property will probably experience periods of vacancy from time to time. Vacancies can be the result of market trends, poor advertising, high rent rates or, any other number of reasons. While some of these reasons may be out of your control, there are several ways you can get ahead of having…

Are you thinking of renting out property in Orlando, FL? Currently, the Orlando housing market is doing well! Real estate offers you an opportunity to receive stable and fixed income over a long period of time. What’s more, judging from the state of the Orlando’s real estate market, you will also enjoy some appreciation of the value of your property. Landlords are seeing good returns from their properties due to an increasing population and a passive housing supply. Not to mention, people are choosing to move away from high-tax areas such as …

Most tenants understand the benefits of renters' insurance. For a few dollars a month, tenants can protect their personal property and limit potential legal liability. As a landlord, does requiring renters' insurance help you in any way? Absolutely! Here are six reasons you should insist that every renter picks up an insurance policy before you hand over the keys. 1. Attract Responsible Tenants One of the hardest parts of being a landlord is finding high-quality tenants. You want residents who will pay rent on time, take care of your p…

Landlords try to minimize expenditures as much as possible, so why should you consider performing renovations? As the adage goes, "if it isn't broken, why fix it?" However, renovations can be categorized as additional investments. Experience has shown that properties with more updated renovations attract more interest and inquiries. Knowing this, part of improving the value of your home is to spend on upgrades. Benefits of Renovations Creates market differentiation In a sea of similar property offerings in the market, your rental…

Did you know that 68% of the population own a pet? Allowing pets in your property will open your pool of prospective tenants and increase your income. However, pets can cause damage and lead to greater stress for you and nearby neighbors. So, it is important that you know the pros and cons of renting to a pet-owner in order to make a final informed decision. In this article, State Property Management will guide you through the advantages and disadvantages of renting to pet-owners. We will also offer you tips on how to prevent some of the disadv…